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3 years ago

Which describes the purpose of minimum-balance fees?

Business

1 answer:

Cerrena [4.2K]3 years ago

5 0

Answer:

make sure customers keep sufficient funds in their account

Explanation:

Minimum balance is the amount that an account holder has to be kept in the account. The minimum amount is to be maintained so as to enjoy the benefits of the account like receiving interests. The minimum balance defers from one bank to another. Maintaining the minimum helps in accessing loans and other facilities.

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Loggers are much ___________likely to supply wood to the market if property rights are enforced. In the presence of market failu

PolarNik [594]

Answer:

a. A single grocery store is the only source of food in a small town, giving the store the ability to influence the price of food. - the source of market failure here is the fact that the grocery store is a monopoly. Because it is a monopoly, it has the market power to charge prices higher than in a free market, and to supply quantities lower than in a free market.

b. A manufacturing plant dumps chemical waste into a nearby river, poisoning the water supply for a small town downstream. - the source of the market failure here is pollution, a negative externality, because the dumping of chemical waste from the plant is affecting the people of the small town downstream.

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3 years ago

Suppose that an initial $20 billion increase in investment spending expands GDP by $20 billion in the first round of the multipl

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Answer

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Explanation

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3 years ago

iTicket, an online event-ticketing site, recently discovered that most of its good seats for a widely anticipated concert were p

dangina [55]

Answer:

Explanation:

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3 years ago

An employee earned $4,600 in february working for an employer. cumulative earnings of the previous pay periods are $4,800. the f

Stolb23 [73]

Answer: The total payroll tax expense is $483.90.

Explanation: The total of the payroll tax expense is the amount that the employer will record for the month.

Social Security - will pay on entire amount - $4,600 x .062 = $285.20

Medicare - will pay on entire amount - $4,600 x .0145 = $66.70

The following two taxes are only paid on the first $7,000 paid each year. It was paid on $4,800 in the previous pay period, so will only need to be paid on $2,200 this pay period in order to reach the $7,000 threshold. ($7,000 - 4,800 = 2,200)

FUTA - $2,200 x .006 = $13.20

SUTA - $2,200 x .054 = $118.80

The total amount of payroll tax expense is $285.20 + 66.70 + 13.20 + 118.80 = $483.90

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3 years ago

Which of the following should be accounted for in an internal service fund?

ZanzabumX [31]

Answer:

b. Van used to transport supplies to all city departments on a cost-reimbursement basis 65,000

Explanation:

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3 years ago